SOL Strategies Approved for Nasdaq Listing, Shares to Trade Under STKE

Canadian blockchain firm SOL Strategies has secured Nasdaq approval for its U.S. market debut. The company will move its listing from the OTCQB venture market to the Nasdaq Global Select Market on Sept. 9, under ticker STKE.

• Delisting from OTCQB but keeping listing on the Canadian Securities Exchange (CSE)
• CEO Leah Wald: move brings liquidity + access to deeper capital markets
• Company offers exposure to Solana staking (SOL)
• Raised $500M in convertible notes earlier this year to buy SOL
• CSE-listed shares (ticker HODL) surged ~20% on Nasdaq news
• Q2 2025: reported ~$3.5M net loss despite staking/validator revenue growth
• DeFi Development Corp added ~$39.8M in SOL (total holdings now 2M SOL)
• Solana network preparing for Alpenglow consensus upgrade, cutting transaction finality times

SOL Strategies, a Canadian company focused on staking and validator operations on the Solana blockchain, is expanding into U.S. markets after winning approval for a Nasdaq listing. Starting Sept. 9, its common shares will trade on the Nasdaq Global Select Market under ticker symbol STKE, marking the company’s transition away from the OTCQB venture exchange. Trading will remain active on the Canadian Securities Exchange.

CEO Leah Wald highlighted the milestone as a major step toward better liquidity for shareholders and greater access to institutional capital, as the company scales its validator operations and invests in Solana’s ecosystem.

SOL Strategies has leaned heavily into Solana, raising $500 million in convertible notes in April to expand its SOL holdings. The company’s CSE-listed shares (HODL) rallied roughly 20% after the Nasdaq announcement. Despite a Q2 net loss of $3.5 million, revenue from staking and validation activities has continued to climb.

The momentum is echoed across the Solana ecosystem. DeFi Development Corp announced a new purchase of $39.76 million worth of SOL tokens, lifting its total treasury to 2 million SOL. Meanwhile, Solana itself is moving forward with the Alpenglow consensus upgrade following strong governance approval. The upgrade is expected to slash finality times, enabling near-Web2 responsiveness while maintaining L1 security.

Final Thought

With its Nasdaq debut and major Solana network upgrades on the horizon, SOL Strategies is positioning itself at the intersection of institutional capital and blockchain infrastructure — a strategic bet that could pay off as Solana adoption accelerates.